How To Apply For Oman 10-Year Golden Residency

Oman has launched a 10-year Golden Residency scheme for foreign investors and skilled professionals.

The announcement was made during the “Sustainable Business Environment” forum in Salalah.

This initiative is part of Oman’s Vision 2040 plan.

Oman has officially unveiled a 10-year Golden Residency scheme, joining other Gulf nations in offering long-term residency options to foreign investors and skilled professionals.

The announcement was made at the “Sustainable Business Environment” forum in Salalah. The program is a central part of Oman’s Vision 2040 plan, aimed at boosting private sector growth, attracting foreign investment, and reducing reliance on oil revenues.

Unlike standard short-term work or business visas, the Golden Residency provides foreign nationals and their families with a renewable 10-year residency. It extends to spouses, children, and first-degree relatives without restrictions on age or family size, making the program more flexible than many similar Gulf initiatives, which often limit dependents or eligibility.

Eligibility Criteria

Applicants must make a minimum investment of 200,000 Omani rials (around $520,000). The government has identified seven primary pathways for qualification:

Establishing or owning companies with capital and assets of at least OMR 200,000.

Purchasing property in integrated tourism complexes.

Investing in government development bonds with a minimum two-year term.

Buying listed equities worth OMR 200,000 or more.

Maintaining a fixed bank deposit of OMR 200,000 for five years.

Owning companies that employ at least 50 Omani nationals with OMR 200,000 capital.

Being nominated under the Foreign Investment Law by eligible companies, with the possibility of multiple nominations.

Applicants must also be at least 21 years old, hold a valid passport, demonstrate financial solvency, and have a clean criminal record.

Application Process and Documentation

Required documents include proof of investment (property deeds, business licenses, or bond certificates), bank statements, health insurance, police clearance certificates, and documents proving family relationships, such as marriage or birth certificates.

Applications can be submitted through the Ministry of Commerce, Industry and Investment Promotion (MoCIIP). Once approved, the residency permit is renewable every 10 years, as long as the eligibility criteria are maintained.

Benefits of Golden Residency

The program offers several advantages for investors and their families:

Fast-track airport services for easier travel.

Permission to hire up to three domestic workers.

The ability to own one property outside integrated tourism complexes, which are typically restricted for foreign ownership.

Long-term business security and the ability to plan investments confidently.

Access to an enhanced lifestyle, with Oman ranked fourth globally on the 2024 Quality of Life Index.

Significance

Oman’s Golden Residency aligns with broader Gulf trends, following programs launched in countries like the UAE, Saudi Arabia, and Qatar to attract global talent and investment.

The initiative highlights Oman’s goal of establishing itself as a safe, investor-friendly destination with one of the region’s most flexible residency-by-investment frameworks. By offering both financial incentives and lifestyle benefits, the program aims to draw international entrepreneurs, professionals, and investors seeking long-term stability.

Ultimately, the Golden Residency is expected to boost foreign capital inflows, generate employment, and support Vision 2040’s overarching goal of building a diversified, sustainable economy.

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